Category Archives: advice gap

“I couldn’t afford a pension”.

  In my book of objections, supplied to me the first brokerage I sold for, the “I can’t afford it” objection sat at the top of the list. We were told to ask the customer “can you afford not to … Continue reading

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , | 3 Comments

Why the pension dashboards have to be commercial

  Government pension projects rarely succeed and where they do succeed – it is because the public and private sectors find a way to work together. There are exceptions – the state pension and unfunded public sector schemes are pretty … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

Trustees and transfers

Jo Cumbo’s article in Pensions Expert on contingent charging takes a dim view of trustee behaviour to date. Her idea that advice to stay in a DB scheme could be paid for by docking the original pension has got some … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | 3 Comments

“Why pensions might just change your life”.

This morning I’m travelling north east to Newcastle on the first train up. I’ll be delivering the graveyard slot for my friend Carsten Staehr at the Cintra Conference. The people I’ll be talking with don’t like pensions, Carsten’s title is … Continue reading

Posted in advice gap, pensions | Tagged , , | Leave a comment

The curfew tolls the knell of small DC

I was a bit churlish in yesterday’s blog to the DWP who – on re-reading – have produced an excellent paper outlining the advantages of incorporating social purpose into the DC funds we default to. I urge you to read … Continue reading

Posted in advice gap, dc pensions, DWP, pensions | Tagged , , , , , , | Leave a comment

“Patient Capital incubators” wanted. Our workplace pensions fingered!

The DWP and its pension minister Guy Opperman have taken the opportunity of a speech at the TUC conference to launch an unexpected and wide-ranging consultation on DC investments- where the money of “a couple of hundred short of 10m … Continue reading

Posted in advice gap, age wage, Blogging, pensions | Tagged , , , , | Leave a comment

Al Rush has made the difference

  I’m surprised , a little freaked out – to be on a list of candidates for Professional Adviser’s personality of the year. You can vote for me, but I’d rather you didn’t. I’d rather you voted for Al Rush … Continue reading

Posted in advice gap, age wage, pensions | 4 Comments

Breaking trust and breaking wind! Lifesight’s problem with property rights.

One of the things ordinary people fear most about spending on their retirement, is giving money to institutions they know nothing about and having very little say in the management of their money. No matter how hard I used to … Continue reading

Posted in actuaries, advice gap, age wage, brand, pensions | 2 Comments

Do bosses need to care what happens when their staff retire?

One of the themes of recent conversations I’ve been having with the bosses of large companies is whether the “workplace pension” that they fund  are “pensions” at all. The recent findings of the FCA , published in the two papers … Continue reading

Posted in advice gap, age wage, pensions | 1 Comment

FCA to tame the drawdown bucking bronco!

  Yesterday was a good news day for people concerned about retirement income. The FCA made two meaningful statements on what it intends to do to help ordinary people trying to manage their in retirement finances. The first was the … Continue reading

Posted in advice gap, corporate governance, FCA, pensions | Tagged , , , , , , , , , | 5 Comments